The auditor must also be sure to keep a constant check on the quality control in terms of the way the auditing is taking place and the audit report is being prepared. When it comes to any professional task that requires the person―in this case, the auditor―to follow certain standards in order to investigate the loopholes, it is always important to work with due care and diligence. The AICPA offers many courses for the certified public accountants to help them enhance their auditing skills. ![]() Continuing Professional Education (CPE)ĬPE is the medium through which the members of a professional group help the professionals of an organization improve and brush up their skills and qualities. This helps to complete the entire process in a more systematic and efficient manner. The auditor must carry out a well planned and effective supervision of the assistants, as well as the entire auditing process. Very similar to the GAAS, this criterion states that the auditor must obtain organizational independence from its management, as this would help him/her evaluate the activities of all organization’s personnel in an uninterrupted and unrestricted manner, also including the management. These are listed as follows – Independence The GAGAS are also known as the Yellow Book and were established by the Government Accountability Office (GAO). The 5 GAGAS are followed by the auditor when auditing the financial and/or performance audits of the government agencies. Generally Accepted Government Auditing Standards (GAGAS) It is also important for the auditor to comment upon the nature of the organization’s auditor in terms of work efficiency and responsibleness. In failing to do so, he/she must mention a valid reason.
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